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Chama Loans Process

Chama Loans for Registered Groups

Rockland Credit's Chama Loan product promotes socio-economic growth in rural and peri-urban areas, fostering equitable development. We empower communities to thrive by equiping micro entrepreneurs with appropriate skills and working capital. Rural development is not only a constitutional obligation but also essential for balanced national growth.

Quick
Approval

Get approved for a Chama Loan within 24 hours of submitting a complete application.

Group
Empowerment

We provide financial literacy and business management training to help your group succeed.

Flexible
Repayment

Choose a repayment plan that suits your group's cash flow, with terms from 6 to 36 months.

Competitive
Rates

Enjoy affordable interest rates starting at 2.5% with no hidden fees.

How Chama Loans Work

How It Works

  • Stage 1

    Application

    Submit your group's registration details and required documents.

  • Stage 2

    Approval

    Get quick approval based on your group's financial history and goals.

  • Stage 3

    Disbursement

    Receive funds directly into your group's account within 24 hours.

Additional Information

What is a Chama Loan?

A Chama Loan is a group loan designed for registered savings and investment groups, providing affordable financing for business or personal projects.

Who can apply?

What documents are required?

Group registration certificate, minutes of meetings, bank statements, and member identification documents.

Can we repay early?

Yes! Early repayment is allowed with no penalties, reducing the total interest paid.